The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Anthony Lebiedzinski - Sidoti - Analyst
: Hi, good morning, and thank you for taking the questions. So certainly nice to see the improvement in sales and profitability during the quarter.
As you pointed out, Brazil showed the most improvement from a top and bottom line perspective. Just wondering what is your confidence level
as far as being able to sustain that type of improvement going forward?
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AUGUST 22, 2024 / 1:00PM, UFI.N - Q4 2024 Unifi Inc Earnings Call
Question: Anthony Lebiedzinski - Sidoti - Analyst
: That's great to hear. And just a follow-up as far as the raw material costs. Are you seeing that in all regions? Or is this specifically to Brazil that you
referenced to?
Question: Anthony Lebiedzinski - Sidoti - Analyst
: Understood. Okay. And then as far as -- in other regions, what are you seeing from a cost perspective of raw materials?
Question: Anthony Lebiedzinski - Sidoti - Analyst
: Got you. That's good to hear. Okay. And then -- so in your conversations with your top customers in the Americas, obviously, your largest region,
what are you hearing from them as far as when we could see improved results?
Question: Anthony Lebiedzinski - Sidoti - Analyst
: Got you. Okay. So it sounds just like normal seasonality as far as what's impacting that, okay? Okay. And then in terms of the new product offerings
that you announced earlier this week with the white dyeable filament yarn and ThermaLoop, just wondering how meaningful could these new
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products be? I know you talked about really calendar '25 as far as seeing a benefit, but just wondering if you could -- if there's any way you could
put a number or just give more details as to what's the opportunity for those new products?
Question: Anthony Lebiedzinski - Sidoti - Analyst
: Got you. Yeah. That sounds very good. So as far as -- I know it's hard to say for sure, probably as far as the timing of this pending legislation. But I
mean, as far as what you know, what's the earliest that you think that you could actually see that going through because I think that, that could
be meaningful to you guys?
Question: Anthony Lebiedzinski - Sidoti - Analyst
: Got you. Good. Okay. And then as far as the beyond apparel initiative, I know that's something you guys have talked about certainly in the past. As
far as thinking about this going forward here, are you actually gaining some new customers? Are you actually seeing more purchase orders to
come in? And maybe if you could just provide a little bit more detail on the apparel initiative. That would be helpful.
Question: Anthony Lebiedzinski - Sidoti - Analyst
: Okay. That's great to hear, and I appreciate the comprehensive answer. So I guess my last question, just a follow-up, as far as the margin differential,
any way you guys could quantify or give some more additional color as far as what the margin difference you think will be for the new products
versus the legacy products?
Question: Anthony Lebiedzinski - Sidoti - Analyst
: All right. Well, that's great to hear and I look forward to seeing the progress that you guys will be making this year. So, thank you very much, and
best of luck.
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